Betterlife Group Ltd

Betterlife Group Ltd is a small, active company based in Burnley, UK, founded four years ago. With a single employee and £25,430 in assets, it’s a solo founder operation led by one director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The company's website showcases a full-service digital agency offering a wide range of services, including website development, e-commerce solutions, SEO marketing, security protection, maintenance optimization, and consultancy. They emphasize a "no-nonsense, quick, and high-quality" approach, working with a worldwide team of experts and leveraging nearshoring to offer competitive rates. Their services cater to businesses seeking digital transformation, with plans ranging from security audits to CRO improvements. They even offer specialized services like website security audits and SEO optimization.

Financially, Betterlife Group Ltd presents a mixed picture. While current assets increased by 93% to £25,000, net assets experienced a significant drop of 48% to just £4,900. Cash bank on hand decreased by 3.5% to £11,000, and creditors surged by 150% to £27,000. Trade debtors also increased substantially, reaching £10,000. The company’s small size (meeting two of three conditions for being small) helps it stay flexible, but the decrease in equity is a concern. The company's bank borrowings increased, which could indicate a need for additional funding. There is no mention of an auditor, which is common for small companies.

The company’s financial data suggests it’s burning through money, rather than building a solid foundation. While the digital agency services appear promising, the declining equity and increased liabilities raise questions about its long-term viability. The reliance on a single employee also highlights a potential vulnerability.

Registered in England/Wales under the registration number 12754921, with a registered address at BB10 2HF, England, Burnley, Unit 2 King Street, Briercliffe.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.